Hearing on SB 1259 Streaming Live

You can check out the proceedings of the Arizona Senate Committee on Banking and Insurance right here.  SB 1259 is up now.

Update:  William Hultman of MERS is speaking right now, opposing the bill.

Second Update:  The bill passed Committee!  Thanks to all who supported it, and who contributed to the discussion.  Thank you Senator Reagan!


One thought on “Hearing on SB 1259 Streaming Live

  1. woohoo! good timing also…. AZ senate just announced all these :

    HB2383 Borrowers’ Bill of Rights: Guarantees homeowners the right to receive timely and accurate responses to good-faith borrower inquires. (McCune Davis)
    HB 2283 Abandoned Home Crime Reduction Act: Requires current and accurate ownership information on all property and assists neighborhoods and law enforcement in reducing crime. (McCune Davis)
    HB 2626 Home Sales Notification Act: Allows homeowners in foreclosure to be notified of sales, even when the initial sale is postponed (McCune Davis).
    HB 2124 Homeowner Relief Act: Keeps homeowners in their homes by granting temporary (60 day) relief to residential homeowners, who are in foreclosure and in danger of losing their home. (Patterson)
    HB 2123 Safe Neighborhoods Act: Requires the maintenance of properties during the foreclosure process. (Patterson)
    HB 2430 Right to Rent Act: Allows homeowners, whose foreclosed homes are of low to moderate value, to remain in their homes as renters for an extended period of time. (Tovar)
    HB 2642 Mandatory Mediation Act: Offers homeowners facing foreclosure in an owner-occupied home an additional step that would require a mediation process to take place before the property may be foreclosed. (Tovar)
    HB 2641 Arizona Home Equity Theft Prevention Act: Protects homeowners who are facing foreclosure from scams and fraud. (Tovar)
    HB 2632 The Tenant Rights Act: Ensures that if a tenant is lawfully in possession of the property when a foreclosure action is initiated, the tenant is able to continue to rent the property for the remainder of the lease or 90 days, whichever is longer. (Hobbs)
    HB 2269: Truth in Mortgage Brokers Act: Cracks down on bad acting mortgage brokers and protects borrowers from bad lending practices. (Ableser)


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